November 25, 2022

Argentina-Based Mobile Wallet App Belo Adds Lightning Network Support Via Opennode CryptoGlobe

On Monday, January 10, Argentinian mobile wallet company Belo announced that the platform had added support for the Lightning Network by partnering with payment processor bitcoin and infrastructure provider Opennode. The mobile app allows users to trade and transact in pesos and now users can transact with bitcoin payments in the future.

Belo Partners with Opennode and Introduces Lightning Network Support

Belo, the Argentinian mobile wallet app founded by Manuel Beaudroit aims to “bridge” the world of crypto and life in pesos. On Monday, the company announced that it has partnered with bitcoin (BTC) payment processor Opennode and that the app will support the Lightning Network. The Belo app is available for iOS and Android smartphones and also supports Ethereum and a few US dollar-pegged stablecoins.

“Our partnership with Opennode is extremely important to our users,” Belo CEO Manuel Beaudroit said in a statement. “Our goal is for more and more people to learn and experience the potential and benefits of cryptocurrencies for everyday, everyday life in an easy way. With Belo, users only need one peso to start depositing money and buying crypto in a usable and accessible way for everyone over 13, regardless of their purchasing power.

Opennode Exec Eagerly Expects “Millions of People in Latin America” to Access Bitcoin

The Belo wallet was launched in 2020, and residents of Latin America were able to obtain crypto assets through the mobile app and a Mastercard. The startup’s website insists that anyone over the age of 13 can use the Belo mobile wallet app and pay in pesos or cryptocurrencies.

Opennode’s head of growth, Julie Landrum, explained during the announcement that the company is eager to give Latin America more choice when it comes to finance. “We are extremely excited about Opennode’s integration with the Belo app, as it means millions of people in Latin America will have the ability to transact instantly in bitcoin, driving adoption in a region where bitcoin growth is exploding,” Landrum remarked.

At the time of writing, there are over 3,200 BTC locked in the Lightning Network, or $136.6 million. The Lightning Network’s total value locked (TVL) is 36.79% lower than it was on November 8, 2021, when it reached $216.13 million.

Keywords in this story

android, Argentina, Argentinian, Argentinian Peso, Belo App, Belo App Lightning Network, Belo Lightning Network, Bitcoin lightning network, Belo CEO, Finance, Fintech, Head of Growth, IOS, Julie Landrum, lightning network, ln, Manuel Beaudroit, Mobile Wallet, Opennode, Opennode Executive, Pesos

What do you think of Belo App’s partnership with Opennode and the integration of the Lightning Network? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news manager for News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 5,000 articles for News about disruptive protocols emerging today.

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